Bubblews, a social media startup looks to turn around social networking by paying users to share the users content.
As per the CEO of BubbleNews, This is based on a fundamental belief that when someone provides a service to you, one should compensate them.
Bubblenews would be sharing a part of the ad revenue with the users, by paying a small amount for a like , view or comment on its site. These payments would be made via 'Bubblews bank' and once reaching a certain amount which is '$50', the amount would be cashed out on Paypal.
This social media platform has in beta for the last 18 months and has been officially launched on 16th July, 2014. There are certain talks in the industry that Bubblews could create a major shake up in which the networking world is mainly dominated by the big players such as Facebook and Linkedin.
The thought that social media users would continue to contribute to social networks for free of charge would come to a limit as most of the social network authors have personal expenses and over time , they would favor sites that share profits over those who do not pay. It is believed that if this model can reach a critical mass with enough networks, this model would be more attractive to people than the free alternatives.
Bubblews has been encouraging people to share their passions with in a word limit of 400 characters, supplemented with photos. Although the site is in Beta stage, the site has over 20 million visitors from around 240 countries. Each post on Bubblews is known as a 'bubble' and the site uses a plus sign (+) instead of hashtags. Users can tag each other using '&' . The company is also constantly improving by improving on software services.
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